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OMB Director Mick Mulvaney is covering as ‘Acting Director‘ for the Consumer Financial Protection Bureau (CFPB) until a permanent replacement is nominated by President Trump. As most people are aware the Democrats are apoplectic about their holy grail bureau being under oversight of Mr. Mulvaney. As evidence of their angst they are supporting legal maneuvers to stop the Trump administration from carrying authority within the agency.

The Department of Justice, White House Office of Legal Counsel (OLC), agreed with President Trump’s authority to appoint an ‘acting director’. The legal counsel within the CFPB also agreed that President Trump was well within his authority to appoint Mulvaney. However, that didn’t stop bureau employee Leandra English from filing a weakly positioned lawsuit trying to stop Director Mulvaney.

A federal judge listened to the argument of CFPB employee Ms. English a few hours ago. Judge Tim Kelly did not make an immediate ruling. Instead, the DOJ will file a response to the pleading later tonight and Judge Kelly said he’ll take a look and make a decision from there.

The CFPB is the product of far-left progressives, specifically Elizabeth Warren, initially setting up a financial control agency that operates without congressional oversight. The Bureau construct was challenged in court and ruled ‘unconstitutional’. That’s the backdrop for this press conference today with Acting Director Mick Mulvaney.

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“Only one person who today showed up at work claiming to be director.” “She wasn’t here.” “In the ordinary world, if you don’t call, you don’t show, you don’t have a job the next day, but I’m not sure how it works here.”

The CFPB was essentially created to work as a legal money laundering operation for progressive causes by fining financial institutions for conduct the CFPB finds in violation of their unilateral and arbitrary rules and regulations. The CFPB then use the proceeds from the fines to fund progressive organizations and causes. That’s the underlying reason why the Democrats are fraught with anxiety right now.

Elizabeth Warren set up the bureau to operate above any oversight. Additionally, the bureau was placed under spending authority of the federal reserve. The CFPB gets its operating budget from the Federal Reserve, not from congress. Again, this was set-up to keep congress from defunding the agency as a way to remove it. Everything about the way the CFPB was structured was done to avoid any oversight. Hence, a DC circuit court finding the agency held too much power, and deemed the Directors unchecked position unconstitutional.

Mick Mulvaney is now in a position to look at the books, look at the prior records within the bureau, and expose the political agenda within it to the larger public. That is sending the progressives bananas.

Most likely President Trump will not appoint a replacement until Mulvaney has exposed the corruption within the bureau. That sunlight is toxic to Elizabeth Warren and can potentially be politically destructive to the Democrats. If the secrets within the bureau are revealed, there’s a much greater likelihood the bureau will be dissolved.

There are billions of scheme and graft at stake. Within the record-keeping there are more than likely dozens of progressive/Democrat organizations being financed by the secret enterprise that operates without oversight. That’s the risk to the SWAMP.

I’ve got a good idea! So separation of powers and all… it has become custom for the Legislative and Executive branches to cede the Judiciary with judgement of whether stuff is Constitutional or not. But the two other branches, could make their own determination, could they not?

So couldn’t, the Trump administration say, after review of recent court ruling that the bureau is unconstitutional as passed, could not the Trump WH council and DOJ vouch that the bureau is deemed unconstitutional by them, and they would force it’s closing. Would that not FORCE the Congress to come up with something new, which the administration could then use ( threat of veto ) for barter for other issues they want? IDK, trying to think creatively… I wouldn’t mind getting as much info out in the open, to the public as possible and SHOW everyone just how extra-Constitutional the bureau is and has been and lay the books out for complete review.

I suspect that the Senate will be on the horns of a real dilemma here. They can’t slow walk the President’s choice without leaving the potentially more dangerous (to them) Mulvaney in place. The irony….

A wealth of detailed operating information from their 2017 Annual Financial Report including the results of their annual GAO audit. Mulvaney is going to have his hands full. My guess his that he will request that some “friendly forces” be detailed in from other agencies to assist him.

I totally LOVED this guy! He was so concise…and articulate! So glad he’s in there…his leadership will have to have a positive effect!..So loved how he was not vindictive towards English…but rather dismissive! Made me chuckle!

A ‘Shakedown Bureau’.
It sounds like that’s what this CFPB was created to be.

No oversight.
All powerful.
Able to brutally stomp on small Banks and lenders…at will…with no justification.

Did the CFPB levy fines?
Did they extract money from their victims?
Sounds like they probably did.

This thing is a diabolical creation from the minds of the Marxist Democrats who seek to rule like brutal dictators.

It’s no wonder ‘why’ they tried to pick the successor to Cordray:
They didn’t want anyone other than one of their own, to have control over their files and internal details…or have the kind of Power that they have engineered for this ‘bureau’ to have.

This is stunning.

And their Victims have no way to protest or escape the iron-fisted brutality that this Bureau dishes out.
That is just…evil.

I watched Lou Dobbs show and he was talking about this. I love Lou. He’s my guy. I never miss his show. But he and Ed Rollins and Michael Goodwin were all sure that PDJT needed to jump on this and fire this English woman right away and not let this mess develop.

I can sympathize mightily for a desire for immediate action. It makes me angry that the Swamp thinks they can do this and get away with it. But I have learned that PDJT may SEEM like a bull in a china shop acting impulsively, he is one of the most deliberate and strategic people I have seen.

I don’t know what his plan is, I don’t know why he didn’t fire this uppity broad to make an example of her. But I am betting he has his reasons and it will all become clear.

If nothing else, attention has sure been focused on this very worker friendly sounding agency whose name just oozes earnest good will for all of us. Now we know it is a horrible Marxist money laundering enterprise, and I think we will be enthused and entertained with what PDJT does with it/to it.

I get this strategy and used to think it was the best way to go, as well. However, the swamp scum have demonstrated that they will never honestly cooperate, have no sense of duty or responsibility to the law, the Constitution, or the people and are best dealt with by the harshest means possible.

Englishit should, in my view, be fired immediately for insubordination and undertaking actions contrary to law. She then would not be an employee of the CFpb and therefore, should have no standing to demand installation as acting director, resulting in dismissal of her stupid, contemptuous suit.

Part of this is improvisation caused by the resignation of the former director. But President Trump was very smart to see the need to get one of his trusted people into the agency rather than a normal promotion from within. Now the he has control of the agency, Mulvaney can be the “bad cop” and bring about rapid change before a “good cop” (but still one of Trump’s trusted people) is put in.

Mulvaney speaks with a clarity of expression and unapologetic delivery the likes of which I have seldom heard — I could listen to him all day digress about any topic — his economy of speech and ability to project a message are amazing.

Swerves right around minefield questions from the press and offers an answer from his perspective while not giving the impression he’s dodging because his answer is truthful to his beliefs or experience or simply to how he reframes the question to his advantage, perhaps wanting to discard the questioner’s premise yet without making a big deal out of doing so.

This is the 2nd Dem / liberal-causes slush fund put up on the block to be dismantled?

Sessions closed one slush fund down at Dept of Justice, right? Same modus operandi – fine big business corporations and pay out to liberal groups?

And now this one makes 2?

Then there’s State Dept that runs a similar racket giving our money away internationally. Maybe they’ve found ways to disburse domestically as well. I guess when $6 billion dollars go missing without a fuss then anything’s possible.

Are there any more slush funds?
Sounds like an OFA / Antifa full-employment program.

Somebody with a better memory help me, please, but didn’t Ben Carson uncover something similar within a few weeks of starting at HUD? It seems like there was something like this going on with Fannie Mae/Freddie Mac money….or maybe it was that money was being stolen from those funds and used to shore up Obamacare? Something highly irregular fiscally, anyway.

‘An inspector general audit has identified more than $500 billion in “errors corrected” in the notes and financial statements for the Department of Housing and Urban Development under the Obama administration.’

The corrupt undemocratic DemoncRAT plan is as plain as day, INSERT one of their OWN Ms English into the Acting Directorship then use the Congress and the Senate to thwart all attempts by the President to get his man in control. But as usual Trump is too smart for them. But when you see their DESPERATION to retain control you have to wonder just what it is they are trying to HIDE

Fines = shakedowns.
Ask any commercial banker involved in lending or credit precisely how many layers of oversight, checking, double-checking, triple-checking, reviews and audits banks now must employ to try to make it through the regulatory minefield.

The number of staff allocated to “checking the checkers” has multiplied more than fourfold since Dodd Frank, hurting small business owners, consumers and our economy.

He’s a sharp guy. I’m so glad he’s got the opportunity to go through that agency’s *underware* drawer. The next few months will be illuminating. BTW…isn’t that the 50mil fund that IS NOT going to the actual consumers that were hurt by the fraud during the financial crisis?

Elizabeth Warren makes me sick. She created this monstrosity and has tried to do a similar run around by creating the Fiduciary Rule via the DOL for the financial services industry. Puts the little guy out of business by allowing the class action lawyers to be involved in determining whether the advisor violated one of thousands of complicated rules imposed through this law. Fortunately PDJT allowed the raising of standards and transparency in activities and has deferred the class action part.

Former CFPB head Richard Cordray was one of the most brilliant students ever seen at my college. He studied the same books I studied, taught by the same earnest and thoughtful scholars within a major whose title said it all: justice, morality and constitutional democracy. Yet what did that learning ultimately lead to? Corruption. It saddens me, how fragile the strands of our republic can be.

Warren / English might be all kinds of things but I doubt they are stupid. Their blatant disregard for PDJT’s authority smacks ( to me ) of desperation. 10 to 1 there’s something rotten hidden away in there and they don’t want it found. One thing I haven’t seen so far is an explanation for the previous boss resigning, did he bale out with no or short notice, did that catch them unaware? Did he give a reason for his resignation ?

Well, RAC, that’s a darned good question. I did notice that Mr. Cordray was extraordinarily good-looked and that underlings appeared to be mostly women. What if they threatened to come out with some pretty devastating “allegations,” which as we all know by now, “must be believed?”

If that is the case, some of our posters in this thread already have a suggestion: “Look for the money!!!”

I swear NM has been such a superstar. We may have found our successor to PDJT. I admit I didn’t know or trust him much when he was named to OMB. But he has such tenacity and fight to do what is right that it’s refreshing. If only we had gotten that at Justice. Imagine someone with NM’s character at Justice.

However, it’s now pretty clear he’s a good soldier and with PDJT as CinC, he’s moving in the right direction, like a good Marine should. Other than PDJT and people he’s brought in from outside goobermint, though, they’re all still swamp-scum of one sort or another and we can never take our eyes off of them. I certainly hope that Mulvaney has 1000% bought into the truth and beauty of MAGA and inculcated it into his mind, heart, and soul. But only time and actions will tell.